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This depends on which country you operate in. In Sweden, it seems to be: In a notable case from 2018, Arla won against the Swedish Tax Agency and was able to deduct their carbon offsetting, since it was done for marketing purposes. In this way, carbon offsetting is not considered a gift, but related to the company's earnings as they increased the value of the product. Therefore, in Sweden carbon offsetting could fall under the general right of deduction for costs of acquiring or retaining income.
In order to communicate externally that you do climate financing, it is beneficial to have a plan on how you also want to reduce your emissions in the future, or at least communicate your reasoning - for example through some form of environmental policy. This is so that climate financing is not perceived as greenwashing. The rule of thumb for companies is: calculate emissions, reduce them and finally offset the emissions you cannot reduce right now. A safe way to communicate your sustainability efforts, without risk of greenwashing, is through our CO2 transparency page.
We primarily offer two tools for businesses: Climate bookkeeper (Hållbarhetskollen), which, based on a company's accounting, automatically calculates the company's carbon emissions and based on this creates a sustainability analysis - and our Simple business calculator that quickly allows you to get an overview of your emissions. Hållbarhetskollen is currently integrated with accounting systems Fortnox, Björn Lundén, and PE Accounting.
Hållbarhetskollen automatically calculates a company's emissions based on its accounting data. The calculations are based on data collected from invoices and receipts, where activity data such as kWh is gathered. The data is then categorized according to its climate impact. Every individual financial document is reviewed, as account names and other metadata in the accounting would be too general to make serious climate calculations on. The calculations are based on the GHG Protocol.
The data is used to calculate the company's climate footprint. We also use the figures completely anonymously to generate average values that all companies can compare themselves to. No information will be publicly displayed without your approval.
If you give us approval to use your logo and your name, we may use it publicly together with the figure for total emissions or emissions per employee. This is so that in the future we will be able to create top lists and the opportunity to compare between companies. In addition to this, all information is protected even if you choose to give this approval.
The main purpose of a climate project is to reduce the release of greenhouse gas emissions to the atmosphere. There are different ways of doing this, such as the development of renewable energy, and the capture and destruction of greenhouse gases with strong global warming potential (such as methane). Tree planting and forest management projects can also be climate projects. The project's positive impact on the climate, and the number of carbon dioxide equivalents it generates, are calculated against a scenario where the project is not implemented. Thus, if we do not build renewable energy, how much greenhouse gases would be emitted if the burning of fossil fuels continue? These are the emissions that are avoided through the construction of renewable energy. In addition, the projects often have other positive effects, such as improved air quality and increased employment. Read more on our blog
Since we all share the same atmosphere, a ton of carbon dioxide has the same impact no matter where it is emitted. When you choose to support climate projects, your money benefits the climate by contributing to a project that avoids greenhouse gas emissions in another part of the world. There are reliable ways to calculate the emissions so you can feel confident that the amount is correct, and the projects are controlled by external reviewers so that they really deliver the benefit they promised. In addition, you are contributing to the transition towards a sustainable society for those who cannot afford to make that kind of investment for themselves.
The situation is urgent. We need to do both. We must definitely reduce our own emissions. Studies show that those who financially support climate projects are actually the ones who reduce their own emissions the most, and when we surveyed among our users we saw that the majority use our subscription only as part of their climate commitment. Since it is not possible to live completely climate neutral in today's society, supporting climate projects is an important building block in the transition to a sustainable society.
Climate projects are certified by various organizations. They register projects that make climate benefit and measure how much benefit they actually do, so that they can sell exactly the right amount of credits. GoClimate purchases climate credits that are certified by Gold Standard, an organization founded by WWF and other environmental organizations, to ensure the highest possible quality of the climate projects. This also means that the projects are verified by a third-party, all documentation is public and we can track the project while it is being implemented and during its carbon credit period. Fundamental requirements for the projects, such as additionality, verifiability, traceability, permanence and contribution to sustainable development are guaranteed by the Gold Standard.
Because that's where we can make the biggest difference. This is where the dependence on fossil fuels is greatest, and the local population would not be able to afford investing in renewable energy without the additional financial support. In this way, we ensure that we create as much value as possible for the money. Some emissions are easier to avoid than others, so we start with what is easy and economically feasible, to raise the bar for climate work. We work for everyone to have access to sustainable energy, and thus give people with less resources more opportunities for a sustainable life.
Previously, tropical forests covered 12% of the earth's surface, today they only cover 5%. Trees are important in many ways, including the binding of carbon dioxide from the air. We need to both replant trees and preserve the forest and vegetation that exists. At GoClimate, however, we have chosen not to invest in tree projects. The main reason is that even though projects of this kind are necessary and extremely important for the reasons mentioned above, the complexity in managing these projects is great, and we believe that we can achieve the most positive impact by financing other types of climate projects.
Yes! The projects are developed with caution and care for the local environment and population. In cases where the projects have a negative impact, it is compensated for - for example, if trees are cut down to widen a road, new trees are planted. In addition, Gold Standard requires that the projects contribute to other global sustainability goals than just the climate goal. Some projects create employment, improve health, contribute to sustainable industry and/or renewable energy.
We choose projects with care and check what has been reported during the project's implementation, so that we minimize the risk that the projects we support have had negative consequences for the environment and the local population. When climate projects was first developed, the requirements were not as stringent and therefore historically there have been projects that have had some negative side effects. Today’s requirements are higher and the controls are tougher.
It is critical that no local or indigenous people are harmed by us helping the transition to a sustainable world. We have taken several steps to ensure that our climate projects are not doing any harm.
First of all, we are not doing any forest-projects that take up land that might be used by people living in the area and we have stopped supporting hydroelectric projects that also require lots of land.
Second, all our projects are certified by the non-profit certification organization Gold Standard, that looks at all the social aspects of the projects we support, including how they affect indigenous and local people. The principles of the Gold Standard is that (1) the projects shall do no harm, complying with the UNDP Millennium Development Goals (MDG) Carbon Safeguard Principles. The projects shall also (2) enhance sustainable development and (3) involve all relevant stakeholders, including indigenous people. All projects have a grievance mechanism that enables stakeholders to provide continuous feedback on the project, and all the feedback is openly published in the Project registry.
Thirdly, we do our own extensive research and due diligence of all the projects we support. If we find that the project has caused problems of any kind, we do not support it.
Most of our revenue goes to the climate projects, but we also spend money on things like salaries to our employees (who select the projects, make sure the service works and grow the business) and marketing (to get more contributing members). We have full transparency so you can see for yourself where the money goes. It would have been fantastic to send all the money directly to the projects, but we are convinced that we will have a better impact on the climate if we can grow and bring more people on board, and help people understand more about the climate and how we can reduce our emissions. No one is making any profit from the company.
Yes, we are a social enterprise whose goal is to create social benefits, specifically climate benefits. Hence, we are not a charity. You can still be confident that we are making the greatest possible use for the money. You can see our financial accounts for yourself, and we have no profit distribution. The excess we generate stays in the business to create more climate impact. We have chosen this format because we believe that it gives us maximum opportunity to be efficient and quickly make a difference for the climate.
No, we are currently not making any profit, and money is not what drives us. Our primary ambition is to fight climate change. If profit is required to achieve this effectively, e.g. to be able to take in investors, we may become profitable in the future. But financial gain will never be an end in itself.
We have developed an API to calculate the climate impact of air travel. Here is all the info about it, and you can contact us if you want to use it.
We receive many unsolicited applications and inquiries, but we believe that we have a better chance of investing in the right person if we hire when we experience a need. Keep an eye on our job site or connect with us there to receive an email when a vacancy shows up!
By climate change we mean the changes in the normal weather caused by global warming. The average surface temperature of the earth increases, mainly due to emissions of carbon dioxide and other greenhouse gases to the atmosphere, which leads to more extreme weather conditions. For example, it can imply much more rain than what used to be normal in one place, and longer periods of drought in another place. This is a big and complex issue, and we've made a video to explain it in more detail.
Yes. The climate has varied constantly throughout the history of the earth, but never as fast as now. The world's leading scientists fully agree that this is caused by humans, please see the IPCC’s reports for all the facts.
Absolutely! The problem is that our emissions of carbon dioxide and other greenhouse gases have raised the share of CO2 in the atmosphere, and the balance needed to keep the climate stable is disturbed. The carbon dioxide content in the atmosphere was about 280 ppm (million parts) before the industrialization, but has now increased to 419 ppm, which causes climate change. It is estimated that below 350 ppm would be a safe limit so as not to cause excessive changes.
Yes! Unlike other environmental problems that occur at local scale, climate change is a global problem that everyone contributes to and everyone must help to solve. Blaming one another does not help. By taking the lead, we can develop solutions which become cheaper and easier for others to use, and therefore it is super important that we who have the opportunity to show the way actually do so. Furthermore, if you support climate projects, you can contribute to the transition towards a sustainable society beyond your local context.
Climate change is such a big challenge that we all need to act to change the society. As citizens, we can take responsibility for our own emissions as a part of the solution. Companies are producing because we demand their goods and services, and politicians can only make changes if they think there is enough popular support for it. Together we can communicate to them that we are ready for a serious climate policy and that we want sustainable products and services from the companies.
We have a detailed description of our methodology where you can see all the values we use, and where they come from. We use public data to the extent it’s available, supplemented by scientific research and studies from relevant industry organizations. The carbon footprint also include the emissions caused by public consumption, which cannot be directly affected by your choice of lifestyle.
Yes! As a member you can log in and then select "Climate finance flights” in the menu on the top right corner of the page. Remember that the best thing for the climate is to keep flights to a minimum and to choose less carbon exhaustive options to get around. However, when staying on the ground is not an option, financing climate projects is a way to take responsibility for the emissions caused.
You can cancel or pause your subscription by logging in to the page, in the top right corner select settings, payment settings and then change the amount to "cancel climate plan". Here is a direct link.
We use Stripe as a payment provider, which is one of the largest payment providers on the web. The card details and payments are handled entirely by them - fully encrypted of course. The card details never end up on our or anyone else's servers, but are only handled by Stripe.
Unfortunately, we currently only have the option of receiving card payments.
You can find your receipts by logging into the page and going to this link.